Gold XAUUSD analysis for today 4-12-24 #trading #gold #xauusd

Today's analysis of XAU/USD (Gold) for December 4, 2024, indicates a bearish trend. Currently priced at $2,644, gold is expected to test the resistance level around $2,655 before potentially falling below the support level of $2,605. A breakout below this level may target prices near $2,585. Conversely, a strong upward movement surpassing $2,715 could signal a bullish reversal with targets above $2,765. Traders should monitor these levels closely for potential trading opportunities
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